As research from the Economic Policy Institute recently documented, wage suppression “was generated by policy choices that resulted in excessive unemployment, eroded unionization, corporate globalization, lower labor standards (e.g., lower minimum wage), new imposed contract terms (e.g., noncompete) and corporate structure changes that pushed down wages and profits in supply chains to the benefit of large firms.”
Industry Week
August 5, 2022
“We’re ensuring that they’re not going to be worse off year after year, but as noted, that doesn’t necessarily mean that their standard of living is rising,” said David Cooper, director of the Economic Analysis and Research Network coordinated by the Economic Policy Institute.
NJ Monitor
August 5, 2022
Those are the conclusions of a study recently published by the Economic Policy Institute, and they are not likely to be countered anytime soon. After the Raise the Wage Act failed in the U.S. Senate last year, experts say there’s been no push to update the federal minimum to reflect the drastic changes in the economy since 2009.
Capital and Main
August 5, 2022
According to the Economic Policy Institute, Tennessee’s average monthly child care cost is anywhere between $700 to $800 per child. With high child care costs coupled with inflation at a 41-year high, TDHS said it is trying to keep more money in working families’ pockets.
ABC 24 Memphis
August 5, 2022
Josh Bivens, research director at the Economic Policy Institute, said he thinks the bill will have a “small sort of deflationary nudge” by way of reducing the deficit, but he added that he thinks “there are questions about how quickly that takes hold.”
The Hill
August 5, 2022
Just 35% of Hispanic families and 41% of Black families have savings in a 401(k) or IRA account, according to the Economic Policy Institute (EPI).
Forbes
August 5, 2022
To further prove her point, she brings up data from The Economic Policy Institute, which found “that public school teachers nationally make about 19 percent less than employees in commensurate professions, or about 81 cents on the dollar.” According to the data, the wage penalty has increased significantly, compared to only 6% in 1996.
Forbes
August 5, 2022
One, Matt Stoller of the American Economic Liberties Project, predicted continuing higher inflation last December and said 60% of it is due to corporate thirst for ever-rising profits. Others, including the Economic Policy Institute, agree. They just differ on numbers.
People’s World
August 5, 2022
Since 2009, when the federal minimum rose to $7.25 an hour, it’s lost more than one-fourth of its purchasing power. When factoring in inflation, today’s minimum wage hasn’t been worth this little since the 1950s, according to calculation from the Economic Policy Institute.
CBS News
August 5, 2022
“Layoffs continue to be low in historical terms and high levels of quits signal workers seeking [and finding] better opportunities,” Elise Gould, senior economist at the Economic Policy Institute, said in a note on Tuesday.
Al Jazeera
August 5, 2022